Chief Minister Pinarayi Vijayan while inaugurating the bank's digital services had expressed the desire to make Kerala Bank the number one bank in Kerala. Chief Minister said that this will be possible if RBI approves NRI accounts, and then the bank will achieve undreamed growth. NRI deposits of more than Rs.2 lakh crore are there now in various banks in Kerala. No other state can claim this much NRI deposit. The majority of non-residents will be willing to invest in Kerala Bank if they get permission from RBI. This is all that is needed for the growth of the bank and Kerala Bank should intensify its efforts for the same.

Remittances from Keralites who went abroad if deposited in Kerala Bank will help a lot for the development of Kerala. Kerala Bank is making gains even without this. 1,21,358 crore worth of transactions were done in Kerala Bank last financial year. 4200 crores increase in deposits over the previous year.

Kerala Bank was formed by amalgamating the primary cooperative banks of the state. So the strength of Kerala Bank is the proper management, strength, and reliability of the primary banks. However, the news of fraud in some cooperative banks has dented this credibility. This must be prevented at all costs. There should be strong auditing measures for that. It is not for the co-operative society officials to misuse, that people deposit money in banks. The functioning of primary cooperative banks should be transparent for the survival of Kerala Bank. With the implementation of core banking, Kerala Bank will also be able to monitor and control primary institutions like other banks monitor branches.

Steps are in progress to install 2000 micro ATMs. Once all this is completed, Kerala Bank will have modern banking facilities like any other nationalized bank. If the RBI is approached citing these issues, the NRI accounts may be given permission.